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tv   Kennedy  FOX Business  April 14, 2017 12:00am-1:01am EDT

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lou: thanks for joining us. general jack keane and fred barnes among our guests tomorrow. thank you for being with us. good night from new york. kennedy: nobody likes paying the tax manage. but the civil act of forfeiture should make you angry. mike rowe claims vocational schools may be the best way to grow jobs in the u.s. celebrity chef wolf gang puck is in the studio. grab a spoon. it's time to feast on freedom. tax day is almost upon us. for millions of americans it means sending uncle sam a big fat check.
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did you note irs also has the ability 20 to seize your assets even if puff done nothing wrong? civil asset forfeiture was designed for money lawn dirers and drug dealers. but it allows them to take the your stuff and keep it forever, even if you are never charged with a crime. law makers are beginning to tackle the issue. but does it go far enough to ends the insanity? i talked to mike gillespie about that. let's talk about the irs dipping their fingers into small business cookie jars and taking money that does not belong to them for people who have not been charged with crimes. >> this legislation says if the federal government wants to
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seize your money through a tax action, then you have to be charged with a crime at the very least.. it would be better if you also had to be convicted of a crime. but civil asset forfeiture is a major issue in criminal justice reform. law enforcement departments at all levels from the smallest towns all the quay up to the federal government does this on a pretty i systematic basis is they go after people and one of the ways they mess up what you are doinif they suspect something. they say this money was gone the through ill gone the gains and we are going to hold it. then you have to sue to get your possessions back. it's very good this is happening. it shows sanity at its best. kennedy: we have seen from the
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president and various law enforcement organizations a new push to increase civil asset forfeiture on the law enforcement ends. but justice thomas refused to hear a civil asset forfeiture case. judge tom pass wrote a 6-page dissent. he painted the finger at it and said it's blatantly wrong. >> we think about things like sentencing reform or drug policy reform.te but it's basic. it provides money and really bad incentives for law enforcement to go after marginal cases and do things that just don't make any sense. these are old policies that go back to english common law. what's good about this legislation. it passed the house. there is a version of it in the
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senate that should be voted onbh shortly. kennedy: these are bipartisan bills. with the climate so politicized and polite down party lines.an it temperatures rare and nice to see something coming from a place of liberty bringing both sides together.de talk about structuring. this is making cash deposits under $10,000. which a lot of small business owners have no choice but to do. >> a lot of the suspicious activity reports that get filed by banks get triggered aroundaue $10,000, withdrawal or depossible sit of $10,000 or more. then the federal government says if you are taking out $9,050 to get around the $10,000 limit you are guilty of something called structuring. you are trying to avoid a law that is not a law.
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that shows the weird inseason tifts of a lot of these laws. they were designed to go after money launderers, and mafia and drug dealers.moving money a it end up snaring innocent people. if you have something to charge me with, do it. but otherwise, get out of my face. kennedy: it's very expensive for people to defend themselves, hence, this legislation looks like it has a good shot. according to research from the census bureau. less than 1/3 of americans are saving money in retirement accounts. that growing college debt is offsetting young people's savings.
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they don't know they can actually invest in a 401k. i asked brian brenberg of king's college why people aren't saving. it's not a big surprise that younger generations are notheir stocking their ponds with extra cash. brian: younger generations are buried in student debt. when you are young, you don't y think about thing like retirement. t you don't understand the power of compound interest. how much it matters save money when you are younger versus when you are older. you also have an economy that's not growing. people save money for retirement when they feel like they have money to spare. when the economy isn't growing and wages aren't growing, they are thinking about how do i stay in my home.t
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you have got it right in front of you. kennedy: do you think because this comes from the census bureau, is this just the government trying to scare usog into more government programs? wh's going on here? >> what theyre saying is, they are talking about employer-provided retirement accounts. they are saying a third of americans are employer provided. for most people they are going to rely on social security. not entirely, but most people will rely to some degree on social security. they have retirement assets, they just might not be doing it through their employer? why aren't they doing it through their employer? 12 cents out of every dollar you make comes off the top to pay for social security. why in the world am i going to put other money away to deal with my retirement. but can you blame people forng thinking that way when social
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security has been build as this -- billed as this great program. kennedy: the problem is social security is not going to remain solvent. >> it's not. within 20 years it won't be able to pay its promised benefits. most people don't know that. so they are expecting more from it than they are going to get. they report this, we talk about this massive retirement crisis in the u.s. then states like california,la oregon, maryland, connecticut. say employers, you have to provide a retirement account or force them to enroll in a state plan. oh, good, let's introduce another state plan to replace a plan that's not working. kennedy: a quarter of your salary going to a theoretical program that when you are young you probably won't be able to draw from.
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they will raise the retirement age so high. you eat the berries, then you stab your coworker with a pencil. problem solved. police unions expect the trump administration to cancel barack obama's order that bans police departments from buying surplus it in equipment from the federal government. opponent say the heavy duty equipment is unnecessary and can be used to silence free speech and protests. i spoke to dr. ron paul about the militarization of police. is the only way to show your support of police in this country to give them grenade launchers? >> hardly. beside this combination of the federal government and the military providing weapons for
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local police, that's a long way from what the founders intended or what the constitution said. but the militarization of the police is generally out of control. it's related to the drug war which is out of control. this new administration, they don't want anybody to even touch a marijuana cigarette and they are going to train them to be better with threats of grenade launchers. it's a strange thing that libertarians or conservatives can be on the side of obama, not allowing that to happen. i think he was correct in not transferring those types of weapons to the local police force. kennedy: a broken clock is right twice a day. when i have this conversation with cops across the country and i talk to many police officers about that and we get into heated discussions because it's not that we don't support police
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departments. it's not that we don't see there is a need for some form of law and order, i understand that. but i think the military shoulde look different from the police department.. >> absolutely. there is a big difference it's not a military force. it's not an army. sometimes i think they are moving in that direction because the greatest threat according to administration is the global war on terrorism.wa but if you put that into proper perspective. most of those crimes are related to local crimes. in a one-year period there were nine people killed re-lated to terrorism where there were 1 12,000 murders in the inner cities probably related to drugs. this idea you use the global war on terrorism and we better be prepared for mass conflict with these gangs, and it is serious.
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i think local control, i thinkii symbolically one of the worst things i have ever seen on television is way the davidian compound was burned the down by the feds because they needed local police power to enforce law. the police were supposed to be local. it shouldn't be with the military.l, and we have moved in the wrong direction. t kennedy: good police departments know that community involvement and localizing police interaction as much as possible is what leads to success and trust in police officers in general. and i think when you have just as you pointed out, the visual of what appears to be a paramilitary organizatio patrolling the streets of your city, it creates a divide. we have enough divisions as it is, whether they are political, racial or socioeconomic, the last thing you need is another
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layer between the police and the community that they keep safe.>> >> this amplified because in every organization you don't have defection. we are far from having perfect policemen. sometimes all this weaponry and even courages police to overreact and we do see the scenes that almost everybody would say you shouldn't have done this. you see people getting shot and they shouldn't have been. so the atmosphere is such. we do know all policemen aren't that way. that's part of this whole militarization and war on drugsa and perfection and the federal government coming in with tankss because sometimes they feel like they have to use them. what do we have them for? we better be prepared. they go out and have uniforms on and helmets and tanks. sometimes they make mistakes. the s.w.a.t. teams have been known to go in and bust in no
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knock. sorry about this, they tear up places and that has to do with they get these search warrants and they go in and they do make a bunch of mistakes. c kennedy: thank you very much for your time. we have to continue to have this discussion. so we bring things to rationale and normalcy. thanks again. dirty jobs host nuke row says the best -- mike rowe says the best way to create jobs in america is to get young people to rethink their education choices.
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kennedy: for his first three months in office president trump has been working with companies across the coury to make a deal to bring back jobs. is there actually a way to bring back manufacturing jobs. it means ending the belief that americans are entitled to go to college and pushing for
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vocational schools and training. i spoke to mike rowe of the mike rowe works foundation. you have a generation of people who say millennials are entitled and special and need to go to college. but you end up with a lot of debt and very few employment opportunities. and you have been pushing for people to learn vocational skills which i think is a good idea. >> you don't need me here for this. you did it bully. porgy it's -- look, there is. in my humble view pfl i would
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show the student loans might suggest we have been lending money we don't have to kids who can't pay it back. kennedy: a system that has no way of policing itself keeps sucking more money from government and the families. these are not stem jobs or engineering jobs. these are jobs you say require work. how do we make calloused hands sexy again. >> why not put skills on the enn of it. when you take the art out of the vocational arts you are jest left with vocation. there is a whole category of consolation prizes we call these types of jobs. which ironically are tied to th times of education we call
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alternative education. parents and guidance counselorst make it clear there is a path for people who report cut out for the path which is most desired. kennedy: so many kids are forced into it when they are not ready for college. >> if yo you are running for ofe you have to say something that makes sense to the largest group of people. but the problem is a microproblem. a cookie cutter approach to education is killing us. kennedy: it's outdated, that's why parents want school choice. >> people always say, how did it get so expensive? how did tuition get more expensive than energy, food, f real estate and healthcare? the answer is because we told
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all generations the best path for you is the most expensive path.ex then we freed up endless money. kennedy: we have a half million dollars and you are tellingg dollar kids, come, take my money, please.e. >> do you know how hard it is to give away work ethic scholarships? every year we get about a half a million. and they are not big alotments. it can be between $2,000 and $15,000, depending on the applicant. but we want to focus training money on jobs that actually and currently exist that don't get a lot of love. half the welders that went through our program are making six figures. o my nephew is not cut out for school. so he's in vocational school where he's learning carpentry over 2 1/2 years, and he's a
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year into the program and he's already building houses. this kid will have skills and a job and a future. >> and no debt. or very, very little.. every time i have this conversation what comes back is you are anti-college or anti-education. if i can look into the camera and say there is no hope without education. you have to have some sort of useful skill. but this idea that the only place to get the best education is the most expensive place. it's killing us. it's hot malarkey. go to my website and apply for a workette sthik scholarship. the money is burning a hole in my pocket. kennedy: what is the website? >> i don't know. kennedy: your boss is looking to
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>> hello hampshire college students who had the american flag removed from your campus because it hurt your feeling. i'm kyle. i run a marketing agency that you always dreamed of work for. but we won't hire you. oops, did i forget your trigger warning? kennedy: he designed a snowflake test to make sure he doesn't allow college cry babies into his company. it's more worthwhile to talk about having a test than applying the test.th kennedy: you are asking millennials who want to work for you. a lot of them do, because you
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pay a decent wage. but you ask, how do you feel about police? >> i need them to be in support. police.. we are in the middle of a campaign to donate $500,000 to first responders. we need them respect that. kennedy: ways your favorite adult beverage. >> there is not a wrong answer to most of these. i care more about people's ability to take a stance and justify and their ability there, their, and they're properly. kennedy: thing are so often misspelled on social media. another one is what's your favorite thing to do in your free time? >> a lot of my staff goes out and volunteers on their own time. they race in marathons. kennedy: i'm doing a team in
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training in a week and a half. you can donate because you have so much money because of all this free marketing, kyle. i'll better getting a lot of pushback because people think you are just a hobo conservative and you are troll in the great train car of freedom. but you do insist people believe in the constitution.el >> absolutely. kennedy: and value the first and second amendment. do you find that hard? >> a lot of our staff carry a lot of my clients carry, so i want people who are comfortable with guns on a regular basis. kennedy: connecticut is a conceal carry space? >> i can't have somebody running off into a safe space the minute we have to film with guns. s >> we were overrun with applications when we launched that video.au
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and we were going through the interview process. and we had so many people who didn't even know what we did for work that were dropping their applications. as soon as 20% saw the word "test" they dropped out. kennedy: they want ideas and out of the box thinking, but theyt don't want the flip side of that. they don't want the entitlement and political correctness. what do you say to other employers? >> i was contacted by ceos who say we want to do that. but we can't do that. we want to target them but we don't get them. i was offered a decent amount of money for the test.. we decided to release it to the public and anybody can use it. the ultimate outcouples we find high-quality employees who fit
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the culture and mindset of our clients. kennedy: what is the greatest generation? >> the greatest generation would be the frank sinatra and dean martin generation because the music doesn't get any better than that. the attitude and work ethic. 100%. kennedy: man, you put out a snowflake test and our valuation triples. coming up, cheech marin of cheech and chong will be here. i'll ask him about the evident to turn back the clock on the war on drugs. that's next. ♪ say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee?
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kennedy: in a recent speech to law enforcement officials attorney general jeff sessions claims marijuana is only slightly less awful than heroin. he said quote i realize this may be an unfashionable belief in a time of growing tolerance of drug use, but too many lives are
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at stake to worry about being fashionable. i spoke to katherine mangu-ward about the misguided quote. jeff sessions is saying marijuana is only slightly less awful than heroin and he refuses to listen to the evidence. there is a 24.8% drop in heroin and opioid overdoses in states where there is legal will be recreational and medical marijuana. >> the central point he's making that it would not be a dramatic improvement if all of america's heroin users, marijuana is super convenient, that would be a super good outcome here.wi it reminds me a lot of anti-smoking advocates who are a anti-vaping. but mostly i like that he's the
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kids these days with their fashionable drug legalization. kennedy: but that's not what it's about. when you talk about decriminalizing and legalizing even medical marijuana, you can talking about people have access to it ingredient and side effects because they are there on the label in safety sealed jars kids can't get into. where with heroin you don't know what you are getting. it's baits is illegal. therefore there might be substances in there that could . kill you quickly. >> the idea that the risk of drug use is now predominantly a legal risk in the case of marijuana and we have a great experiment to see what happens when you remove the risk of punishment and the risks of dealing with substance you have no idea what's in them.
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kennedy: you are also reducing the interaction people have with criminals who sell marijuana when it's illegal. when it's no longer illegal you don't act like a criminal. pretty much every lawmaker where it has been voted in by ballot measure or the legislature. they all implored the president not to turn this into a federal issue and keep it up to the states with what they want to do with marijuana legalization. >> the same argument applies to all kind of drugs. when we look at the good that's come from legalizing marijuana. and in colorado, very low-dose products. you hear that the marijuana these days is so strong, the kid don't know what they are
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smoking. kennedy: more research. maybe someone wants to alleviate pain or a chronic condition and anxiety. if there were more research done on it they could figure it out. cheech marin rose to fame as half of the legendary cheech and chong and for many he became an icon and recreational marijuana use advocate. marijuana was central to your themes in the 70s and 80s. it was a vastly different time. now we are seeing recreational marijuana legalized. are you surprised at the transformation it has taken? >> not at all. i said that's what was going tow happen all along. we always characterized ourselves as middle of the road dopers.
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that was the norm. kennedy: did you get political pushback from drug warriors, especially during the reagan era? the nancy reagan just say no? >> we just said yo. kennedy: you may be single handedly forlying mayor watcha to california. and your dad was a cop. i just finished "o.j. made in america." it took a harsh look at the l.a.p.d. >> i saw the l.a.p.d. up close and personal every day. i saw what they went through. there are some cops that are eveningy and some cops that are just doing their jobs.w both. you don't call the cops when the good guys are around. you call the cops when the badad guys are around.
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kennedy: that's right. they obviously have their view of the world tainted by the bad they see in people every single day. >> that they put up with it, i'm surprised they don't go crazy sooner because it's every day. kennedy: you are named after pork rinds. cracklins we call them in indiana. >> when i cape home from the hospital my uncle looked in the crib and said i looked like a little cheech ano. when we were coming up with a name for our duo. richard and tommy. marin and chong. chong on marin. they said do you have a
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nickname? i said cheech is my nickname. so it was always cheech and chong. kennedy: jeff sessions has been hard-core on marijuana. he said good people don't smoke pot. >> he must not be a good people then. mr. peanut. he's back off of that position now. he's smart. he doesn't want to go against 34 state. he's either states rights or he's not 80s rights. kennedy: you can't have it both ways. billionaires jeff bezos and he odelon musk on a mission to mar. online u.s. equity trades...
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kennedy: billionaire businessman he on muks and jeff bezos are in a contest of one up manship for space travel. jeff bezos and his company,
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they aim to launch delivery service between earth and the moon by 2020. but mars is still the real prize. let's not kid ourselve i asked michio kaku if reaching the red planet is feasible. you have got elon musk and spacex with the first successful rocket launch. what does this mean for space exploration? >> not since the days of the cold war have we seen a rivalry so interesting for the domination of outer space. we have elon musk who launched first reused rocket back into space. the introduction of the used car industry changed the comects of the automobile industry. now we are getting this used rocket industry. it can change the dynamics of the space race.
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kennedy: if there is a craft in orbit it can keep going without need to go carry its -- >> the booster rocket can come back to earth and we can reuse it. it cost $10,000 to put a pound of anything into orbit around the planet earth. at $10,000 that's your weight in gold on average. if you can reduce the cost by a factor of 10 that will open up the heavens for you and me. kennedy: bezos wants to launch the amazon delivery service to the moon. what does that mean? >> mars is a bit far for him. he already has the falcon market ready for mars. why not send a delivery system
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to the moon. he wants to create a permanent moon base. kennedy: amazon yeah. i agree with you. there are people who have criticism for each of these people reaching into the government cookie jar. but the fact that you have two billionaires thinking more about looking into the heavens and less about building super yachts. i think it's a boon formanity. humanity. >> they have check box to help subsidize some of these expensive rockets that go into out per space. nasa has its own booster rocket ready. they want to test fire perhaps next year. and president trump has asked nasa to accelerate that timetable. by 2020, by the end of his first
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term, we'll go back to if the moon. orbit around the moon. kennedy: three billion tears ready to sling shot human beings into outer space. it will be an interesting time. thank you very much. dr. today you, i heart you. everyone has their favorite easter meals. celebrity chef wolfgang puck joins me with ideas of his own. he's here in the flesh.
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kennedy: celebrity chef wolfgang puck is make a big splash. last month he announced the opening and released tickets to his new restaurants the rogue experience it's in l.a. and features an intimate and experimental tasting menu it changes weekly and it's not shared with guests in advance. we invited him to preview a few plates and give you ideas for your sunday dinner. >> we make all different kinds of salads. i love spring when the first as come. i still remember growing up in austria. asparagus. we have salad, poached egg with
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smoked salmon. it has a hollandaise sauce. that's with avocado. kennedy: and a big fat slight of country bread. is that a brunch item? >> for easter we'll have lamb. you have to have a little bit of lamb and great fish dishes it's a delicious dish. it's a lot of fun. because there are so many new things. our newest restaurant is one counter with 8 seats. kennedy: you have to have tickets in advance? >> we are sold out for the next two months. people loved it. kennedy: what are some of the superstars of the plate? >> we mad so many interesting things.
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we make a mousse which is like a japanese custard cooked in a sea urchin. kennedy: you have to have an adventurous palate. >> today people because of television, they know so much about food. kennedy: is that good for you have or is that a pain? >> we like people who appreciate food and experiment. we toss as asparagus. we eat with our eyes first. when you want to make something look beautiful, make it nice and shiny. then put a little dressing on the plate. st like that.
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kennedy: i'm back boozeled. kennedy: is thank soy sauce on the bamboo? >> no, it's not soy sauce. kennedy: it's super good. it's mother nature. put a little asparagus tip on top. there you have it. kennedy: i want that poached egg business. >> you come to the restaurant we'll make you a poached egg. kennedy: do people like to cook for you or do they get nervous? >> i love it when people cook for me. i'm the easiest guy. i like mexican or chinese food. i love a good spinach salad.
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in austria when the white asparagus comes in season, everybody eats asparagus. in california we have the farmers markets. so it's so much easier to cook. because we get all the ingredients. even here in new york i got the straw werives from santa monica and the beans. lemons. kennedy: that god for fedex. a global penalty prize. >> fedex and amazon, they have the world in their hands. it's healthy, delicious and good for you. then you have to ate a steak once in a while. kennedy: try gheght there, man, it's not easy. >> you have say you are om fox and yoget in the door. it's easy. kennedy: thank you for watching
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the show. follow me on twitter and instagram. email kennedyfbn@foxbusiness.com. i hope you are having a good time. the following is a paid advertisement for time life's music collection. (the mamas and the papas) ♪ and the sky is gray -♪ i've been for a walk -♪ i've been for a walk (narrator) it was the dawn of a new age filled with long hair, bell bottoms, tie-dyed t-shirts, and new attitudes. innocence gave way to a new consciousness about ourselves and the world we lived in, and there was a new music for the new times. ♪ don't you want somebody to love ♪ ♪ don't you need somebody to love ♪ ♪ it's the time of the season ♪ ♪ when love runs high ♪ ain't it beautiful

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